2025 Banking Spotlight
An in-depth look at Luxembourg’s banking sector
Our latest independent analysis—powered by Deloitte Luxembourg’s Bankview benchmarking tool—reveals a sector that continues to outperform European averages, even as it faces a rapidly changing landscape marked by declining interest rates, technological innovation, regulatory shifts, and evolving client expectations.
Key highlights
The insights are based on a representative sample of 67 Luxembourg-based banking entities (excluding branches), using financial statements up to FY 2024, along with official data and indicators from the Commission de Surveillance du Secteur Financier (CSSF) and the European Central Bank/Banque Centrale du Luxembourg (ECB/BCL).
Why it matters
As interest rate tailwinds fade and competition intensifies, Luxembourg’s banks must act decisively to sustain growth and relevance. The sector’s distinct advantage lies in industrialising its historic strength in tailored private-banking experiences, leveraging technology, and scaling across borders.
